The gold mine is located in the town of Silin on Jiaodong Peninsula in Shandong province, in the east of China, Chinese news agencies report. According to preliminary estimates, gold deposits are located on the area of two kilometres at the depth of 67 meters. The volume of gold reserves in the area is about 382.58 tons, but exploration works continue. It is believed that the deposit may contain up... 

By analyzing the structure of coal from different deposits in the Amur River region for 15 years, the group realized that each ton of solid fuel from the Erkovetskiy basin contains about a gram of the precious metal. The ratio of gold to coal was ascertained through actual extraction and filtration. So far though, the filtration process has only been experimentally tested, but it is slated for installation... 

The Western central bankers are conducting “the greatest experiment in monetary policy” history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in “uncharted waters.” Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual address... 

A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar Frederick William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. The irony of the situation is that the central banks of China, Russia, Brazil and other countries “diametrically opposed”... 

Chinese marine geologists have discovered about 500 tons of gold under the seabed in the East China Sea, local media reported. The first undersea gold reserves and the largest gold deposit found in China was discovered after three years of investigations near Sanshan Island in east China’s Shandong province, 1.2 miles below sea level, the South China Morning Post newspaper reported Tuesday. The... 

European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence. Gold always glitters, and once upon a time, the reputation... 

A curious Ministry of Finance (MoF) report circulating in the Kremlin today says that the Central Bank of Russia (CBR) has “accepted for protection” 3 million ounces of gold worth over $3.5 billon from US banking and financial services giant Citigroup along with a further nearly $100 billion in cash. According to this report, 1.4 million ounces of this now protected gold in the vaults of the CBR... 

A billionaire hedge fund manager linked to George Soros bought up gold shares after multiple financial experts warned a stock market crash is coming. Stanley Druckenmiller, who runs Duquesne Capital after previously working for Soros, now owns 2.88 million shares of SPDR Gold Trust, making it his largest single holding and long position. That means if the price of gold goes up, Druckenmiller profits... 

Texas is going to launch its own gold-backed bank. The law on Texas Bullion Depository operation has been already signed by Governor Greg Abbott. Now the State representatives can trade, and make any operations in precious metals. The measure is a real challenge to the Federal Reserve System. About $1 billion of Texas gold will be repatriated from New York. “With the passage of this bill, the... 

China has ended six years of concealing its gold reserves, announcing a 57% rise in its hoard which puts it in the top five with the largest stash of the precious metal. According to the People’s Bank of China, bullion assets totaled 3.31 million troy ounces or about 1,658 metric tons at the end of the June. The US has the biggest reserves put by the World Gold Council at 8,133.5 tons followed by... 

Jaw-dropping images taken in January show the algal bloom lighting up on the coast of Hong Kong. They say all that glitters is not gold. Nowhere is this saying more fitting than in these images of majestic sparkling blue lights on the shore of a Chinese village which are in fact an ominous sign of pollution. The spectacular phenomenon-which has appeared on the shores of Dalian City in east China’s... 

Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the... 

Earlier this week John Williams warned that hyperinflation will begin to appear in America sometime in 2015. He noted that, though the dollar is currently strong compared to other fiat money, signs that a currency collapse is coming will begin with the sell-off of the U.S. dollar. It’s a known fact that the Russians and Chinese have already begun divesting themselves of dollar dependency by implementing... 

The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT. Russia’s gold purchases accounted for a third of the world’s total of 461 tons, according to research by Thomson Reuters GFMS (Gold Fields... 

A submarine of the Chinese navy’s North Sea Fleet prepares to dive into the sea. A Chinese submarine has conducted its first deep dive in the Indian Ocean in search of various kinds of metals, including gold, in a four-month-long mission. The submersible vessel called Jiaolong carried out its first dive on Friday to collect samples of hydrothermal fluid and sulfide, a kind of seabed deposit containing...